ASI: Intraday Update

June 28, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.17%

Market movers: NEM (+6.32%), DIAMONDBNK (+4.42%), HONYFLOUR (-4.84%), LIVESTOCK (-4.55%)

Sector Performances: Banking (+1.24%), Consumer Goods (+0.17%), Industrial (+0.01%), Oil & Gas

Market activity: Activity levels appear uninspiring in early trading today with investors exchanging c.136m units of shares worth N532m so far today. WEMABANK (-3.51%) is the most actively traded stock with c.49m units of shares accounting for c.36% of total volume.

Likely close: We could see the market end positive today if the gains in Banking sector hold till close of trading.